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Jaya Holdings – pays maiden interim dividend of S$0.5 cents after announcing a 552% increase in Q2-2013 net profit to US$6.5mn
By Kevin Scully-Financial Blog  •  February 15, 2013
Jaya Holdings – pays maiden interim dividend of S$0.5 cents after announcing a 552% increase in Q2-2013 net profit to US$6.5mn Friday, 15 February, 2013  11:20 AM
Posted by Kevin Scully

Jaya’s Q2-2013 results look good on the surface but were a little disappointing.  Jaya reported H1-2013 revenue of US$147.2mn and net profit of US$16.6mn giving an EPS of US$ 0.84 cents.  NAV is US$0.67 up from US$0.646.  Please have a look at Jaya's Q2-2013 presentation slides for more details on its operating and financial data.

 Key results highlights

a)      The Q2-2013 results are not strictly comparable with Q2-2012 as the latter had no vessel sales.

b)      If we adjust for the vessel sales and just use the chartering figures, the Q2-2013 figures would probably have shown a 79% increase in revenue to US$25.2mn ...

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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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